Wednesday, March 20, 2013

Gold is Topping

Gold is in a Wave 4 up on the drop from the October high. This looks to be playing out as 3 waves, a-b-c.

The March 22 turn date (geocentric Uranus-Mars conjunction) should show up as the high that ends this wave 4 rally. We should then see the wave 5 drop into the March 28-29 major turn date (Uranus-Venus-Sun triple conjunction).

Gold Futures

Close-up of Wave 4 below. Wave c up has 5 little waves, with wave (iv) down likely having completed today.

Gold Futures

3/22/2013: Geocentric Uranus-Mars Conjunction and Gold Harmonics



3/28-29/2013: Geocentric Uranus-Sun-Venus Triple Conjunction
The Uranus-Sun-Venus triple conjunction occurs very late on the 28th/early on the 29th and is special because triple conjunctions are rare and each additional planet has a magnifying effect on the turn. It will be an almost perfect alignment of Uranus-Venus-Sun-Earth.

March 28/29 Planetary Alignment: Uranus-Venus-Sun-Earth

It was on March 16 when Mars was similarly positioned between the Sun and Uranus, discussed here, that Cyprus first hit the headlines with a 10 billion Euro bailout by the IMF and Eurozone.

March 16, 2013 Planetary Alignment: Uranus-Mars-Sun

The August 23, 2011 major gold top was a similar alignment of Neptune-Earth-Sun-Venus. This was the day that Libyan leader Muammar Gaddafi was overthrown.

In the heliocentric view, Uranus and Venus are opposite the Earth, and all of these are square Pluto, making the 28th/29th potentially at risk of an earthquake or other disaster.

3/28/2013: Heliocentric Uranus-Venus Conjunction Opposite Earth, Square Pluto


These conjunctions are likely to affect silver and equities as well since they occur near silver and the S&P's 36° harmonics.

37 comments:

  1. I agree 100% platy. Gold shares have wy underperformed gold on this rise and Aussie gold stocks are breaking down with targets in many casrs 50% lower.
    Also GDX recently broke the final neckline of a multi year complex H&S top and despite the recent rise price failed to abort the pattern. The target believe it or not is $15!

    It scares the hell out of me to think about what this means but remember how GDX led the stock market colapse in 08?

    What cometh our way??

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  2. BTW I think this will be an extended 5th wave

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    1. Thanks Beetlejuice, I think there is a very good chance of that.

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  3. Nice to see you here, beetlejuice, can you visit more frcuently. Thanks.

    Thanks, platy.

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  4. Sorry, I am apanalis.

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  5. Hey Platy just finished a disussion with a few of the guys. We all agree this is classic "bull trap". They'll squeeze everything out of this until there is no more left then pull the pin.

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    1. Sure looks that way. Lots of shorts have their stops at 1619.70. Run those stops & we're on our way down.

      http://www.kitco.com/ind/Wyckoff/20130320.html

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  6. Platy, after wave 5 completes do you then see gold rallying to new all time highs?

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    Replies
    1. Do you have a roadmap of where you think gold is headed over the next 12 months?

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    2. No, my work is subject to cycle inversions so it's hard to project that far out.

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  7. Platy,

    Since we're down today, what are your thoughts? Top was yesterday?

    Silver really acting like a great short for a quick 30%!

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    Replies
    1. It's short term oversold, so should get a bounce. It's definitely possible that it topped already.

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  8. SPX EW Count Revision:

    http://tfaat.blogspot.ca/2013/03/spx-revised-count.html

    This should coincide with precious metals turning down. Our SPX daily Stoch. should also be in a divergence of some sort

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  9. For you AGoldHamster:

    http://reddragonleo.com/2013/03/05/stock-market-manipulation-to-the-extreme/

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    1. thanks platy - I was already waiting for that legatus event - until recently it was NOT announced - now it comes almost perfectly.
      Let me guess a top 05-05-2013 (+/- 2 weeks) - and the crash shortly before or after the legatus event.

      That would be textbook.

      If 11 is what counts - 05-02-2014 or 06-01-2013
      But maybe 1666 is it.
      We will see.

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    2. 1666 - nice target! So interesting to see things playing out pretty much how we expected!

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  10. I have posted a new chart for London Silver and an updated chart for London Gold.

    For silver, the troughs for Mars/Ceres/Jupiter and Mars/Ceres/Jupiter/Saturn fall on 12 Aug 2014. For gold, the trough for Mars/Ceres/Jupiter/Saturn falls on 11 Aug 2014 and for Mars/Ceres/Jupiter falls on 19 Apr 2013.

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    Replies
    1. does this mean silver won't bottom until Aug 2014?

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    2. This comment has been removed by the author.

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    3. Jay is that composite also available going back one or more decades? (for further research)

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  11. Platy,

    28th March is GDP announcement day in the US. Could this be THE bottom in gold?

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  12. It's looking to me like stocks topped yesterday, which means they should decline into Thursday/Friday. Metals have been trading inversely to equities so we may see them going higher.

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    1. Doesn't today's action say otherwise? Equities run higher into Thursday as PMs go down into thursday

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    2. I don't think equities will be able to overtake yesterday's high. Until that happens I'm bearish.

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  13. I think could grind higher next few days to end of month, then another brief booboo early 1st week April fools before again taking out the M/U conjunction high. This melt-up has been pretty unstoppable thus far.

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  14. Metals are clearly giving a low today which means they will probably climb into their Jupiter cycles next month. Gold's Jupiter cycle is April 4; silver's is April 11. These will probably be the wave 4 tops for the metals.

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    1. Platy, Aussie gold index ASX:XGD collapsed on Thursday despite gold being up in USD's the previous session (Wednesday) and an even larger rise in AUD.
      Had one of its biggest declines in 12 months and in the process broke down from a 6 week consolidation.
      I still cant help but feel this is a prelude to another deflationary collapse look at copper on Thursday.

      If we bounce, personally though cant see it as the daily looks really bearish to me, it wont be much.

      Cheers

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  15. stockyard here;
    are you still forecasting a high in may and crash type event this year?? or has more recent cycle studies changed your forecast?? thanks

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    1. Hi Stockyard, these tops tend to play out as 3 peaks. I think the first peak will complete in the next few days, then another peak later in April, and the third peak in May.

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  16. Platy,

    Great stuff. I believe that April 4th will be the bottom in gold around 1570-1580. And silver will double bottom on April 11th with the April 4th low.

    Jay's gold charts has us bottoming in May. Is there like a time window for his charts like +/- 1 month?

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    1. Thanks, it could very well turn out that way!

      Jay's DOW chart is +/- 2 weeks. I assume gold is the same.

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